Financial Performance - The company's operating revenue for 2024 reached ¥2,061,774,081.43, an increase of 10.64% compared to ¥1,863,502,845.00 in 2023[24]. - Net profit attributable to shareholders for 2024 was ¥170,112,519.13, reflecting a growth of 9.58% from ¥155,245,699.81 in 2023[24]. - The net cash flow from operating activities increased by 42.06% to ¥144,628,051.39, up from ¥101,805,600.16 in the previous year[24]. - The company's total assets as of the end of 2024 amounted to ¥4,068,741,316.88, a 16.36% increase from ¥3,496,816,865.68 in 2023[24]. - The net assets attributable to shareholders increased by 126.47% to ¥1,567,684,462.26, primarily due to the net proceeds of ¥798,278,500 from the initial public offering[25]. - The company achieved operating revenue of ¥2,061,774,081.43, representing a year-on-year growth of 10.64%[62]. - The net profit attributable to shareholders was ¥170,112,519.13, reflecting a year-on-year increase of 9.58%[62]. - The main business income for the reporting period was ¥2,060,004,350.25, with a year-on-year growth of 10.65%[65]. - The main business cost was ¥1,694,372,623.76, which increased by 9.95% year-on-year[65]. Research and Development - The company developed a new generation of industrial software products, including WMS, WCS, and WES, enhancing performance and scalability[34]. - The company achieved a total order backlog of 4.551 billion yuan by the end of 2024[37]. - Research and development expenses amounted to ¥73,454,617.07, reflecting a growth of 4.57% year-on-year[63]. - The total R&D expenditure amounted to ¥73,454,617.07, representing 3.56% of the total revenue[74]. - The company employed 188 R&D personnel, accounting for 30.03% of the total workforce[75]. Corporate Governance - The board of directors has confirmed the authenticity and completeness of the annual report, with all members present at the meeting[4]. - The company has established an independent financial department, ensuring compliance with accounting standards and maintaining a separate financial decision-making process[114]. - The governance structure includes a clear separation of responsibilities among the shareholders' meeting, board of directors, and supervisory board, ensuring compliance with relevant laws and regulations[112]. - The company has committed to maintaining high standards of corporate governance with independent directors overseeing operations[121]. - The company has a structured process for determining the remuneration of its directors and senior management, ensuring transparency and accountability[125]. Risk Management - The company emphasizes the importance of investment risk awareness in its forward-looking statements[7]. - The company recognizes the risk of revenue fluctuations due to the lengthy project implementation cycle, which can take 1.5 to 2.5 years[104]. - The company faces seasonal revenue fluctuations that may impact quarterly performance and cash flow[105]. - The company is exposed to the risk of bad debts from accounts receivable and contract assets due to the large scale of projects and delayed payment processes[108]. - The company has a significant inventory risk due to high inventory balances from ongoing projects, which may lead to potential write-downs if customer payment capabilities decline or project costs increase[109]. Environmental, Social, and Governance (ESG) - The company has published its 2024 Environmental, Social, and Governance (ESG) report, demonstrating its commitment to sustainability[167]. - The company has invested 19.24 million yuan in poverty alleviation and rural revitalization projects, purchasing 496 helping products from Henan Xin County[170]. - The company has committed a total of 11.71 million yuan to charitable donations and public welfare projects, including educational support[168]. - The company has established and effectively operates environmental and energy management systems in accordance with GB/T 24001 and ISO14001 standards[164]. - The company promotes green office practices, including paperless operations and energy-efficient building designs[166]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of RMB 5.8 per 10 shares, totaling approximately RMB 94.09 million, subject to shareholder approval[6]. - The cash dividend payout ratio for 2023 was 55.31% of the net profit attributable to ordinary shareholders, which was 170,112,519.13 RMB[150]. - For the 2024 dividend plan, the company intends to maintain the same cash dividend of 5.8 RMB per 10 shares, with an expected total payout of 94,091,974.94 RMB[146]. - The company reported an undistributed profit of 230,006,399.57 RMB as of December 31, 2024[146]. Market Expansion and Strategic Initiatives - The company expanded its marketing network by establishing branches in Guangzhou and Chengdu, and successfully exported products to Italy and Turkey[36]. - The company is focusing on expanding its intelligent logistics solutions in key industries, achieving significant breakthroughs in the pharmaceutical and petrochemical sectors in 2024[36]. - The company is actively pursuing digital transformation, enhancing operational efficiency and decision-making accuracy through a new digital platform[38]. - The company aims to enhance its R&D capabilities and focus on key core technology breakthroughs to drive innovation in the smart logistics equipment sector[98]. - The company is actively seeking to enhance its financial performance through strategic partnerships and collaborations[120]. Management Changes - The company reported a change in senior management, with several key personnel resigning, including the Chief Financial Officer and the General Manager[123]. - The company has appointed new directors and management, including a new General Manager and a new Chief Compliance Officer, effective from 2022 and 2024 respectively[124]. - The company held its first temporary shareholders' meeting of 2025 on January 13, 2025, to complete the election of directors, supervisors, and senior management personnel[122]. - The company is expanding its market presence through strategic appointments and management changes to enhance operational efficiency[123]. Compliance and Audit - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The company has not faced any penalties from securities regulatory agencies in the past three years[128]. - The board has approved the appointment of Da Hua Accounting Firm for the annual audit[129]. - The company has established a robust internal control system, with no significant deficiencies reported in financial and non-financial reporting[156].
北自科技(603082) - 2024 Q4 - 年度财报